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HomeMy WebLinkAboutRES 2980 CITY OF RENTON, WASHINGTON RESOLUTION NO. 2980 A RESOLUTION OF THE CITY OF RENTON, WASHINGTON, AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE AN INTERLOCAL COOPERATIVE AGREEMENT ENTITLED "PUBLIC WORKS TRUST FUND CONSTRUCTION LOAN AGREEMENT" FOR REPLACEMENT OF THE SANITARY SEWER MAINS WITHIN THE CENTRAL RENTON SUBBASIN. WHEREAS, the City of Renton intends to replace its sanitary sewer lines within its Central Renton Subbasin; .and WHEREAS, the Public Works Trust Fund has agreed to make a construction loan to the City of Renton; and WHEREAS, it is necessary to document that loan by means of an agreement entitled "Public Works Trust Fund Construction Loan Agreement" ; and WHEREAS, it is in the interest of the citizens of the City of Renton to enter into said loan agreement; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF RENTON, WASHINGTON, DO RESOLVE AS FOLLOWS: SECTION I. The above recitals are found to be true and correct in all respects . SECTION II. The Mayor and City Clerk are hereby authorized to sign the agreement entitled "Public Works Trust Fund Construction Loan Agreement Number PW-5-93-280-040 . " PASSED BY THE CITY COUNCIL this 24th day of May , 1993. i r Marilyn P tersen, City Clerk 1 RESOLUTION NO. 2980 APPROVED BY THE MAYOR this 24th day of May , . 1993 . V Earl Clymer, May Approve to form: La nce J. War e , City rney RES. 287 :5/12/93 :as . 2